
Casino gets 3 preliminary offers for GreenYellow energy business – source
A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe
Register now for FREE unlimited access to Reuters.com
Register
PARIS, June 7 (Reuters) – French retailer Casino (CASP.PA) has received three preliminary offers for its renewable-energy business GreenYellow, with bids around 1.5 billion euros ($1.60 billion) each, a source with knowledge of the matter said on Tuesday.
Macquarie (MQG.AX) I Squared Capital and Dutch company SHV had made preliminary offers as of June 2, the source said, adding that other potential bidders had asked for more time to put together a possible offer.
BFM TV earlier on Tuesday said GreenYellow had not attracted much interest from potential buyers in the French energy sector, hitting Casino shares in early trade.
Register now for FREE unlimited access to Reuters.com
Register
They were down 5% at 16.85 euros by 1449 GMT.
Casino, which has embarked on a plan to sell non-core assets to cut debt, said last month that it had launched a process to sell GreenYellow, aiming to seal a potential deal by the end of the year.
GreenYellow, which produces low-cost electricity and helps reduce companies’ power consumption, said in February it had raised about 200 million euros to support future growth. read more
($1 = 0.9350 euros)
Register now for FREE unlimited access to Reuters.com
Register
Reporting by Dominique Vidalon, Editing by Silvia aloisi, Tasilo Hummmel and Jane Merriman
Our Standards: The Thomson Reuters Trust Principles.
More Stories
Malden to receive Business for the Arts Award
The Colorado Business Committee for the Arts has named Deborah Malden, an advocate for the arts in Boulder, among the...
School and business cancellations and closings in North Texas for Wednesday, Feb. 1
Icy winter weather continues to pummel North Texas. Schools and businesses stay closed for Wednesday. Here's the list so far....
Nashville Master Movers Celebrates 23 Years In Business
Nashville-Davidson, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Nashville-Davidson, Tennessee -Nashville, Tennessee based Nashville Master Movers is reaching out to their...
A Work of Heart’s contract with the Grand Central Mall will come to an end after 14 years of business
PARKERSBURG, W.Va. (WTAP) - In just a week the 14 year contract of A Work of Heart will come to...
Usain Bolt fires business manager over Jamaica fraud case
SAN JUAN, Puerto Rico -- Jamaican sprinter Usain Bolt told reporters Friday that he is baffled over how $12.7 million...
Required business, multi-family recycling service on track for March start
Cam Lewis, general manager at Moe's Original BBQ in Steamboat Springs, breaks down cardboard boxes for recycling in the trash...